New Home Sales Post February Gain

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Contracts for new, single-family home sales increased almost 5% to a 667,000 seasonally adjusted annual rate according to estimates from the joint release of HUD and the Census Bureau. This gain came despite an upward revision for the January data. However, the previously reported December data was revised down significantly to a 588,000 rate. The months’ supply number improved to 6.1, which indicates the… Read More ›

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